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"Compared to conventional commercial banks, Banco XCMG is capable of providing suitable financial products for its end users and distributors with high service efficiency and low financing costs," said Wang Min.

"China will develop a stronger multi-layered capital market, which includes large stock exchanges, regional equity markets, private funds and venture capital funds, to better support the development of innovative enterprises," he said while highlighting the importance of daring innovation in the banking, insurance and securities sectors.

"Countries, while maintaining their own security, should take into account other countries' security," Xi said. He asked major nations to offer more support for underdeveloped countries and regions in security and development.

"Chinese people are not only paying more attention to their health but also are more willing to pay for better experiences," said Tang, adding that those born in the 1970s and 1980s are his main client base.

"Chinese consumers, especially the young generation, have significantly increased their trust in local big brands. This signals a very positive sign for the rise of Chinese brands," said He Xiaoqing, partner and head of consumption and retail industry at AT Kearney Greater China.